Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia - 2023

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (CIF) - 2023
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (FOB) - 2023
3. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia
4. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (CIF) - 2023

The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,040 per ton in November 2023, picking up by 7.3% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 13% month-to-month. As a result, import price reached the peak level of $5,794 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($5,658 per ton), while the price for Croatia stood at $4,355 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%).

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (FOB) - 2023

The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $7,129 per ton in November 2023, remaining constant against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 17% m-o-m. The export price peaked at $7,618 per ton in September 2023; however, from October 2023 to November 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In November 2023, the country with the highest price was Italy ($7,187 per ton), while the average price for exports to Montenegro amounted to $5,981 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia

In 2022, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Serbia rose rapidly to 839 tons, increasing by 12% compared with the previous year. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $3.8M in 2022. In general, imports saw a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Serbia in 2022:

1. Netherlands (588.1 tons)
2. Croatia (237.4 tons)
3. Italy (12.4 tons)

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia

In 2022, shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -55.4% to 601 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 54%.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat declined dramatically to $3.6M in 2022. In general, exports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 32%.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Serbia in 2022:

1. Italy (291.2 tons)
2. North Macedonia (196.2 tons)
3. Bosnia and Herzegovina (85.9 tons)
4. Montenegro (27.2 tons)

Source: IndexBox Market Intelligence Platform